Bitcoin At The Center Of US Online Gambling Revival: The US government is working towards online gambling regula...

The US is considered to be the largest online gambling market in the world by many analysts, and that comes at a time when the country does not even have clear laws regarding the industry. While lawmakers grapple with different ways to regulate online gambling, industry insiders believe they may have the key to re-opening the US market. Bitcoin has been developed and is still in its early stages of development. The way that Bitcoin works is similar to BitTorrent, where no US banks are used to transfer money. Instead, it is completed as a user to user transaction, one in which demand quantifies how much Bitcoin currency is worth at any given time. The concept is being used by merchants around the world, and recently has made its way into the online gambling arena. Gamblers can exchange their countries monetary unit for Bitcoin currency at various locations, the most notable...